Film Library Pledged As Collateral, Distributor Goes Under

“New Yorker Films, the distributor that helped introduce American moviegoers to the works of Bernardo Bertolucci, Rainer Werner Fassbinder and Ousmane Sembène, announced on Monday that it was going out of business after 44 years.” Founder Dan Talbot, 82, “said in a telephone interview that the company was going out of business because its library was being sold. It had been pledged as collateral on a loan taken out by its former owner, Madstone Films, which bought New Yorker Films in 2002.”